India is strategically located on the world’s leading shipping routes with a coastline of over 7,500 km.
of India's trade, by value, is handled by shipping.
growth rate recorded by India's 12 major ports.
tonnes of cargo handled by major Indian ports since 2005
largest maritime country in the world by capacity.
minor ports around India apart from 12 major ocean ports.
FDI allowed under automatic route in ports and shipping.
US$ 123 bn
to be invested on 415 projects under the Sagarmala Programme.
initiatives to boost Indian ports' annual capacity by 100m tonnes.
worth 67 projects being implemented by private sector in shipping.
of total cargo traffic expected in the country by 2024-25.
An effective and efficient logistics ecosystem can be a key contributor to robust economic growth in the country, with the potential to facilitate domestic and foreign trade, promote global competitiveness, enhance incomes, drive the ‘Make in India’ initiative and reduce economic disparities across geographies.
The bill aims to consolidate and amend the law relating to merchant shipping to ensure compliance with the country's obligation under the maritime treaties and International Instruments to which India is a party and also to ensure the efficient maintenance of Indian mercantile marine in a manner best suited to serve the national interest.
On July 10, the Ministry of Ports and Shipping presented the 'Aids to Navigation Bill' for the collection of inputs from stakeholders. The draft bill accords Directorate General of Lighthouses and Lightships (DGLL) with the power to take on additional responsibilities including Wreck flagging,Vessel Traffic Service as well the conducting of training.
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India has a well-oiled enterprise promoting machinery that is backed by strong legislative, judiciary, executive and capital establishments
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